VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in Teradyne, Inc. $TER

Key Points

• Virginia Retirement Systems has acquired a new stake in Teradyne, Inc., purchasing 21,200 shares valued at approximately $1.9 million during the second quarter, reflecting increased institutional interest in the stock.
• Teradyne recently announced a quarterly dividend of $0.12 per share, representing a 0.3% dividend yield, with a payout ratio of 16.61%.
• The company's stock has shown a 3.0% increase recently, with analysts setting varied price targets ranging from $119 to $200, indicating mixed sentiments on its future performance.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,200 shares of the company's stock, valued at approximately $1,906,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Fulton Bank N.A. boosted its position in Teradyne by 4.3% during the second quarter. Fulton Bank N.A. now owns 2,722 shares of the company's stock valued at $245,000 after purchasing an additional 113 shares in the last quarter. HighTower Advisors LLC boosted its position in Teradyne by 1.0% during the first quarter. HighTower Advisors LLC now owns 12,528 shares of the company's stock valued at $1,035,000 after purchasing an additional 124 shares in the last quarter. Manchester Capital Management LLC raised its stake in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock valued at $37,000 after buying an additional 140 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its stake in Teradyne by 0.3% in the first quarter. Federation des caisses Desjardins du Quebec now owns 51,076 shares of the company's stock valued at $4,219,000 after buying an additional 166 shares during the last quarter. Finally, Berbice Capital Management LLC raised its stake in Teradyne by 200.0% in the first quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock valued at $25,000 after buying an additional 200 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Up 3.0%

Shares of NASDAQ:TER opened at $143.33 on Wednesday. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $150.71. The stock has a market cap of $22.80 billion, a price-to-earnings ratio of 49.60, a PEG ratio of 2.92 and a beta of 1.82. The business has a 50-day moving average price of $125.99 and a 200-day moving average price of $99.62.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. Teradyne had a return on equity of 18.16% and a net margin of 16.59%.The firm had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. During the same period last year, the business posted $0.86 earnings per share. The company's revenue for the quarter was down 10.7% compared to the same quarter last year. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, September 5th. Teradyne's dividend payout ratio (DPR) is presently 16.61%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Teradyne in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price target on Teradyne from $100.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, October 13th. The Goldman Sachs Group increased their price target on Teradyne from $85.00 to $130.00 and gave the company a "sell" rating in a research note on Thursday, October 9th. Morgan Stanley increased their price target on Teradyne from $100.00 to $136.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 14th. Finally, Susquehanna increased their price target on Teradyne from $133.00 to $200.00 and gave the company a "positive" rating in a research note on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $127.27.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $145.24, for a total value of $160,925.92. Following the completion of the transaction, the chief executive officer directly owned 94,777 shares in the company, valued at $13,765,411.48. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 3,324 shares of company stock valued at $411,954 in the last three months. Company insiders own 0.16% of the company's stock.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.

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